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Gray replied Feb 1, 2013No problem my friend.
I guess the purpose of the chart was to open forum participants minds to other possibilities other than the bullish one. If we see a impulsive decline this could be a possibility. Do I think it is likely?? Not really at ...Elliott wave outlook
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Gray replied Feb 1, 2013Not sure I follow what you mean. Here is a reduced view of the same chart. I have wave 1 as a LD with wave 3 ending just above the 1.618 extension of 1. I am proposing that wave 4 may not have ended yet and we may see a impulsive pullback in wave c ...
Elliott wave outlook
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Gray replied Jan 31, 2013GBP/JPY expanded flat wave 4 scenario http://ow.ly/i/1sbV5/original
Elliott wave outlook
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Gray replied Jan 31, 2013Posted by Gray EJ short term wave count keeping in mind we may extend Count some waves guys..dont guess. You have the answer now

Elliott wave outlook
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Gray replied Jan 31, 2013A diagonal would also mean a very hard sell off too the 117.00 area when we do finally reach a top

Elliott wave outlook
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Gray replied Jan 31, 2013I don't think we are finished to the upside yet on EJ. I see no divergence yet. Also have a look at UJ. We have only just hit the 100% extension of the first move up from 90.31. Looks like more upside to come to me

Elliott wave outlook
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Gray replied Jan 30, 2013Geez...you got me again while I was updating the chart!
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Gray replied Jan 30, 2013This is still valid. Check out where the spike found support....
Elliott wave outlook
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Gray replied Jan 30, 2013Its possible. Look at the waves. My count may not be right at all but look at price action. It looks to have just entered an impulse up don't you think? The angle of price action is very steep like possibly a wave 3? We also show no RSI divergence ...
Elliott wave outlook
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Gray replied Jan 30, 2013EJ short term wave count keeping in mind we may extend
Count some waves guys..dont guess....Elliott wave outlook
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Gray replied Jan 30, 2013Thats right. Let price action guide us not something you THINK it is going to do....
Elliott wave outlook
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Gray replied Jan 30, 2013Really? looks like 3 waves down from the new high so far. That means upside not finished yet
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Gray replied Jan 28, 2013No, not at all. In fact a truncated fifth wave is very possible considering the very steep rapid rise in price action on some of the JPY crosses. Truncated fifths happen when price action has gone "too far too fast".... just like the JPY pairs....
Elliott wave outlook
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Gray replied Jan 25, 2013Weather the count is likely is a different matter. X waves are corrective three wave structures. Does it look corrective ? It may have three waves at the moment but is very steep in nature more like an unfinished impulse possibly ? It also has a ...
Elliott wave outlook
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Gray replied Jan 25, 2013No, It does not look completely wrong to me. As long as the EW rules are adhered too it remains a valid count. Elliottt Wave is all about possibilities and your chart is one. Can you count 3 waves in you X wave? Yes? then its valid and deserves ...
Elliott wave outlook
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Gray replied Jan 25, 2013No not at all...I know exactly what you meant....just following along blindly they are like you said earlier.
Elliott wave outlook